# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 08 — Property and Casualty Insurance

### Chapter 13 — Application of a Percentage Deductible in the Case of a Hurricane

#### Regulation .04 Underwriting Standard.

*COMAR 31.08.13.04*

A. An insurer may not adopt or amend an underwriting standard that requires a hurricane percentage deductible that exceeds 5 percent unless the insurer has filed the underwriting standard or the amendment to the underwriting standard with the Commissioner.

B. If an insurer withdraws an underwriting standard that requires a percentage deductible that exceeds 5 percent, the insurer shall notify the Commissioner in writing within 10 days of the withdrawal.

C. An insurer that makes a filing under §A of this regulation shall include the following information in the filing:

  (1) The insurer’s NAIC number;

  (2) A copy of the underwriting standard the insurer proposes to adopt, the amendment to an underwriting standard currently in use, or notice of withdrawal of an underwriting standard currently in use;

  (3) The date on which the insurer intends to adopt, amend, or withdraw the underwriting standard;

  (4) All of the data on which the insurer relied in developing the proposed underwriting standard, amendment to the underwriting standard, or withdrawal of the underwriting standard;

  (5) A copy of each page in the insurer’s rating manual that relates to the underwriting standard;

  (6) A copy of any underwriting standard with a percentage deductible currently in use by the insurer for homeowner’s insurance, including any SERFF tracking number associated with the underwriting standard, or a statement that the insurer does not currently have an underwriting standard with a percentage deductible for homeowner’s insurance; and

  (7) Any other information the Commissioner considers necessary.